DXY remains under pressure and puts the 102.00 region to the test on Wednesday, adding to the negative price action seen in the previous session.
A daily close below the 102.00 mark could open the door to a deeper retracement to, initially, the April low at 101.43 (April 5), while the breach of this level could expose a move to the 2023 low around 100.80 (February 2).
Looking at the broader picture, while below the 200-day SMA, today at 106.42, the outlook for the index is expected to remain negative.
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